Thursday, 26 November 2015

Tory Hatchet Job on Low Carbon Initiatives Continues

George Osborne and the party he represents continued their hatchet job on the UK low carbon economy yesterday with deep cuts revealed in key areas following the chancellors comprehensive spending review. The only logical explanation for this thorough and wide spread merge, must stem from fossil powered lobbying. The Conservatives are normally described as "the nasty party" but when it comes to the Low Carbon agenda, they are just plain weak.

Recent moves demonstrate the Tory's deep lack of understanding of climate change and the urgency required in dealing with carbon emissions. It also sends out a confusing message to the world community ahead of the Paris Climate Change Talks, with potential to inflict cumulative damages from lost confidence, which will resonate world wide.

DECC spending cut 22% over next five years

£1bn Prise for Carbon Capture and Storage Scraped

Renewable Heat Incentive cut by 700 million

Osborne has also pledged to lower household bills by £30 a year. Energy saving measures are suggested, although it is likely these will be no more popular than the "Green Deal" which must be considered a failure. Presumably then the savings on Energy Bills will come from the continued subsidisation of coal fired power stations, whilst renewable energy subsides are slashed.

So we see the continued trend of the last few months as we the Tory bend over backwards to help big business maintain their strangled hold on the energy sector, whilst ignoring the overwhelming scientific consensus that climate change is on track to produce dangerous warming effects beyond the 2 degree rise many consider should be a maximum.

The mind boggles. How short sighted and ignorant can a government be. Very.

Tuesday, 24 November 2015

Bank of England Boss: "Catastrophic Climate Risks"

James Carney the Bank of Englands Boss has warned of catastrophic climate risks, and the need to protect the UK's economy from the cumulative impacts of climate change.

The Governor of the BoE raised these concerns during a London dinner event held for bankers. But his views are backed up with reporting carried out by the Bank of England.

He has warned that many of or top businesses are in "carbon rish" sectors and that the the required decarbonsitaion of the economy could lead to to a shift, with these corner stone businesses becoming less sucessful.

Investment is green tech needs to quadrupedal said Carnry, and that it could no longer afford to be considered a niche market.